Stock-Option Agreement between America Online, Inc. and Mapquest.Com, Inc. dated December 21, 1999. 14 pages
South Dakota Stock Option Agreement is a legally binding contract between America Online, Inc. and Mapquest.com, Inc., outlining the terms and conditions surrounding stock options granted to employees or executives of Mapquest.com, Inc. in South Dakota. This agreement empowers Mapquest.com, Inc. employees to purchase a specific number of shares of America Online, Inc. stock at a predetermined price within a defined time frame. Keywords: South Dakota Stock Option Agreement, America Online, Inc., Mapquest.com, Inc., stock options, employees, executives, shares, predetermined price, time frame. There are various types of South Dakota Stock Option Agreements that can be implemented between America Online, Inc. and Mapquest.com, Inc., including: 1. Incentive Stock Options (SOS): These are stock options granted to employees with favorable tax treatment. SOS provide employees with the opportunity to purchase shares at a predetermined price, known as the exercise price, which is typically lower than the current market price. 2. Non-Qualified Stock Options (Nests): Unlike SOS, Nests do not come with favorable tax treatment. Employees can purchase shares at the exercise price determined by the agreement, but the difference between the exercise price and the market price is subject to regular income tax. 3. Restricted Stock Units (RSS): RSS represent a promise to deliver shares to employees at a future date upon meeting specific vesting criteria. These agreements typically have vesting schedules based on time or performance goals, ensuring employees maintain an ongoing commitment to the company. 4. Performance Stock Options: These stock options are granted to employees based on meeting predetermined performance targets, such as revenue or profit goals. Performance-based stock options incentivize employees to drive the company's success and reward them accordingly. These variations of the South Dakota Stock Option Agreement provide flexibility in tailoring equity compensation plans for employees at Mapquest.com, Inc. while aligning their interests with America Online, Inc. Furthermore, the agreement ensures compliance with South Dakota state laws and regulations governing stock options.
South Dakota Stock Option Agreement is a legally binding contract between America Online, Inc. and Mapquest.com, Inc., outlining the terms and conditions surrounding stock options granted to employees or executives of Mapquest.com, Inc. in South Dakota. This agreement empowers Mapquest.com, Inc. employees to purchase a specific number of shares of America Online, Inc. stock at a predetermined price within a defined time frame. Keywords: South Dakota Stock Option Agreement, America Online, Inc., Mapquest.com, Inc., stock options, employees, executives, shares, predetermined price, time frame. There are various types of South Dakota Stock Option Agreements that can be implemented between America Online, Inc. and Mapquest.com, Inc., including: 1. Incentive Stock Options (SOS): These are stock options granted to employees with favorable tax treatment. SOS provide employees with the opportunity to purchase shares at a predetermined price, known as the exercise price, which is typically lower than the current market price. 2. Non-Qualified Stock Options (Nests): Unlike SOS, Nests do not come with favorable tax treatment. Employees can purchase shares at the exercise price determined by the agreement, but the difference between the exercise price and the market price is subject to regular income tax. 3. Restricted Stock Units (RSS): RSS represent a promise to deliver shares to employees at a future date upon meeting specific vesting criteria. These agreements typically have vesting schedules based on time or performance goals, ensuring employees maintain an ongoing commitment to the company. 4. Performance Stock Options: These stock options are granted to employees based on meeting predetermined performance targets, such as revenue or profit goals. Performance-based stock options incentivize employees to drive the company's success and reward them accordingly. These variations of the South Dakota Stock Option Agreement provide flexibility in tailoring equity compensation plans for employees at Mapquest.com, Inc. while aligning their interests with America Online, Inc. Furthermore, the agreement ensures compliance with South Dakota state laws and regulations governing stock options.